Harmony Gold Mining Co Ltd (HGMCF)
OTHER OTC:HGMCF
Earnings Data
Report Date
Sep 01, 2026Before Open (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.56Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a strongly positive narrative: record half-year profits, upgraded guidance, robust loan book growth led by Stellare 2.0, margin expansion (NIM +130bps), high ROE (31%), scalable low cost-to-income, and solid bank funding and liquidity. The negative points are relatively limited and manageable — a small uptick in credit losses (still within target), FX-driven suppression of headline loan book, early-stage nature of new product initiatives, and the inherent funding/competition risks. Overall, the highlights materially outweigh the lowlights and management conveys confidence in sustaining growth while maintaining credit quality.Company Guidance
Record Profit Performance
Statutory NPAT of $6.1M for H1 FY26, up 202% year-over-year; cash NPAT also $6.1M (up 166%), with the 6-month result already exceeding full FY25 NPAT of $5.7M.
Upgraded FY26 Guidance
Upgraded cash NPAT guidance to $13M (an increase of $1M or 8% on prior guidance), representing a 128% increase on last year and continued strong multi-year profit growth trajectory.
Strong Return on Equity
Annualised return on equity of 31% for the half (versus 13% in the same half last year), reflecting capital-efficient, profitable growth.
Loan Book Growth and Originations
Group loan book of $857M, up 9% year-over-year; Australian loan book up 17%; New Zealand loan book up 5% in local currency. New Zealand originations surged 49% after Stellare 2.0 deployment.
Margin Expansion and Profitability Metrics
Net interest margin (NIM) increased by 130 basis points to 10.3%; average portfolio interest rate at 17.2%; funding rate down to ~7%; risk-adjusted income rose 110 basis points to 6.4%.
Operational Efficiency and Scalability
Highly automated Stellare 2.0 delivered market-leading cost ratios: cost-to-income approximately 18.5%–19%, enabling scalable loan book growth without proportionate expense increases.
Funding Strength and Liquidity
Refinanced corporate debt with an Australian Big-4 bank; warehouse facilities with 3 Big-4 banks (~$1B capacity); closed the half with $24M unrestricted cash after a $7.5M corporate debt repayment; borrowings fund ~96% of the loan book.
Customer Flywheel & Unit Economics
Strong customer economics: average new loan $18,000; historical customers borrow an additional ~150% over lifetime; initial CAC ~5.6% (~$1,000 on an $18k loan) but near-zero for repeat business; acquisition-to-originations ratio improved to 3.1%.
Product Momentum and Innovation
Stellare 2.0 driving higher conversions and new products: NZ originations +49%, vehicle loan book +18% YoY, pilot mobile app planned for App Store in Q4, and initiatives for revolving credit and embedded finance partnerships.
HGMCF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HGMCF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 11, 2026 | $19.82 | $19.82 | 0.00% |
Aug 28, 2025 | $14.46 | $12.70 | -12.21% |
Mar 04, 2025 | $9.94 | $10.02 | +0.79% |
Sep 05, 2024 | $9.05 | $8.85 | -2.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Harmony Gold Mining Co Ltd (HGMCF) report earnings?
Harmony Gold Mining Co Ltd (HGMCF) is schdueled to report earning on Sep 01, 2026, Before Open (Confirmed).
What is Harmony Gold Mining Co Ltd (HGMCF) earnings time?
Harmony Gold Mining Co Ltd (HGMCF) earnings time is at Sep 01, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HGMCF EPS forecast?
Currently, no data Available